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Articles for Forex, search results for growth

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here
5 months, 3 weeks ago

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here

News 18  

India’s foreign exchange reserves increased by $816 million to $653.711 billion during the week ended June 21, according to the latest RBI data. According to the latest RBI data released on June 28, India’s gold reserves rose $988 million to $56.956 billion during the week ended June 21, while the special drawing rights fell $57 million to $18.049 billion. For …

India Billion Million Rbi Reserves Forex Reserves
Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion
6 months, 2 weeks ago

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion

News 18  

India’s forex reserves jumped $4.837 billion to a new all-time high of $651.51 billion for the week ended May 31, according to the latest RBI data. “Touching a new milestone, India’s foreign exchange reserves reached a historical high of $651.5 billion as on May 31,” RBI Governor Shaktikanta Das said in his statement while announcing the bimonthly policy review. Sanjeev …

India High Billion Foreign Reserves
Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion
6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18  

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

India Billion Forex Reserves
RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%
8 months, 2 weeks ago

RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%

News 18  

The RBI’s monetary policy committee on Friday decided to keep the repo rate unchanged for the seventh time in a row, at 6.5 per cent. FY25 GDP Growth The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, …

India Policy Growth Inflation Cent Rate Rbi
China's forex reserves expected to increase in 2024
11 months, 2 weeks ago

China's forex reserves expected to increase in 2024

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. China's foreign exchange reserves will likely see a moderate increase this year amid improving export growth and recovering capital inflows after hitting a two-year high in December, experts said on Monday. Their comments …

China Gold Foreign Increase Dollar Gold Reserves Exchange Reserves
India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin
1 year, 5 months ago

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin

News 18  

The rain deficit in India is rapidly closing amid a highly cyclone-skewed distribution, and manufacturing and services activity in the country remains in expansion albeit with some sequential moderation in June, according to the RBI’s latest report released on Monday, July 17. It said India’s foreign exchange reserves increased $71.8 billion since October 21, 2022, and stood at $596.3 billion …

India 2023 Rbi Rbi Bulletin Sgx
Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor
1 year, 6 months ago

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor

Hindustan Times  

Banks will now be able to issue RuPay Prepaid Forex cards, Reserve Bank of India Governor Shaktikanta Das announced on Monday while reading out the monetary policy statement after a three-day deliberation. Meanwhile, RBI's monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. Barring the April pause, the RBI raised the repo rate by …

India Cent Cards Rate Rbi Rupay Rbi Governor
Pakistan economic crisis: Many firms closed, inflation high, forex reserve falls
1 year, 10 months ago

Pakistan economic crisis: Many firms closed, inflation high, forex reserve falls

Live Mint  

Pakistan economic crisis: Several biggest companies in the crisis-hit country have halted operations as they ran out of raw materials or foreign exchange which has compounded the troubles of an economy that's trying to avert a debt default, as per Bloomberg reports. Ghandhara Tyre & Rubber Company, which manufactures tires and tubes for automobiles, shut its plant on February 13, …

Pakistan Country Limited
Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction
1 year, 10 months ago

Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction

India TV News  

Gold Rate Today: On the Multi Commodity Exchange, gold futures opened at Rs. Data from the central bank shows that China's gold reserves rose from 64.64 million ounces at the end of December to 65.12 million fine troy ounces at the end of January. Federal Reserve Chair Jerome Powell has stuck to his post-Federal Open Market Committee rhetoric, which has …

Market Gold Fed Rate Powell Us Dollar
Industrial policy eyes forex pile for finance
2 years ago

Industrial policy eyes forex pile for finance

Live Mint  

The ministry of commerce and industry is working on a new industrial policy and is exploring the creation of a development finance institution that may use India’s forex reserves to provide low-cost finance to companies and set up a technology fund to help them move up the value chain, two people familiar with the matter said. The draft “Industrial Policy …

India Policy Industry Industrial Industrial Policy Msme
What doctor ordered for Indian economy: Demand revival
2 years, 1 month ago

What doctor ordered for Indian economy: Demand revival

Live Mint  

The Indian economy has been recording relatively healthy growth amid global turmoil. The International Monetary Fund and World Bank have lowered India’s estimated gross domestic product growth to less than 7% for the fiscal year 2022-23, with forecasts of a further fall in growth for 2023-24. However, as far as India’s industrial sector is concerned, investment plans would be more …

Global India Growth Indian Interest Rates Rates External
Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18
2 years, 1 month ago

Internationalising Rupee a Big Step towards A $5-Trillion Economy - News18

News 18  

India was the largest economy of the region in the 1900s, and it made sense for smaller economies to have a similar currency for ease of trade. The recent announcement of the Reserve Bank of India to make Rupee as preferred mode of international trade is a progressive move. $5-trillion economy has been a key growth target driver for which …

India Economy Growth China Russia Indian Taiwan
The RBI might hike rate by 50 bps
2 years, 2 months ago

The RBI might hike rate by 50 bps

Live Mint  

MUMBAI : The Reserve Bank of India’s rate-setting panel is likely to raise policy rates by 50 basis points at its meeting this week, economists said, as the dollar’s strength derived from the US Federal Reserve’s aggressive rate action has complicated the Indian central bank’s efforts to ease rate hikes after raising them by 1.4% since May. View Full Image …

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Why are interest rates important for forex traders?
2 years, 4 months ago

Why are interest rates important for forex traders?

Live Mint  

A key factor that influences the foreign exchange market is the interest rate changes made by major central banks such as the Federal Reserve of the United States, Bank of England, and the European Central Bank. Impact of interest rate changes When the interest rates are hiked, the forex traders want to buy the currency and its exchange rate rises. …

Bank Interest Rates Interest Central Traders Forex Forex Traders
The curious case of India’s rising forex reserves and falling rupee
3 years ago

The curious case of India’s rising forex reserves and falling rupee

Live Mint  

For the uninitiated, the Reserve Bank of India’s balance sheet is a concoction of both domestic and international assets carefully modulated regularly. However, since RM on the asset side is now higher, RBI adjusts the liability side by increasing CIC, thereby creating new money. The subsequent systemic liquidity can flow into RBI’s balance sheet through the liquidity adjustment facility, balancing …

India Money Balance Assets Foreign Rbi Sheet